Analyse: UBS-ETF MSCI Pacific (ex Japan) I

Australien, Hongkong und Singapur dominieren diesen Aktien-ETF. Banken und Minengesellschaften überwiegen auf der Sektorebene.

Lee Davidson 07.09.2012
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Rolle im Portfolio

The UBS-ETF MSCI Pacific (ex-Japan) provides exposure to the slightly more developed and less risky Pacific equity markets in Australia, Hong Kong, and Singapore. Investors can consider this fund somewhat of a hybrid vehicle offering indirect exposure to emerging markets but behaving more like a developed stock index. These nations tend to have well-established regulatory bodies compared to many of their emerging market neighbors, which mitigates some of the country-specific risk of investing internationally. However, investors seeking to capitalise on emerging market growth can still target this fund since many of index constituents tend to have operations across or engaging with the fast-growing Asian emerging market economies. China, in particular, is integral to this fund's performance. The Australian mining sector (~12% of the index) relies on continued Chinese demand for iron ore and coal. Not surprisingly, given their close association, Hong Kong has significant operations in China through its financial, real estate, and utility firms. Similarly, Singapore directly invests in China through its banks and property firms. Therefore, much of this fund's performance in short-to-medium term will be linked inextricably to the Chinese growth story.

Fundamentale Analyse

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Über den Autor

Lee Davidson  is an ETF analyst with Morningstar Europe.

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